Purpose

Effective use of our capital resources to meet
the Council Plan investment priorities, and
delivering value for money for residents.

Content

RESOLVED
that the Executive:
 

1)   
noted the position of the capital programme at the
end of Quarter 1 (to 30 June 2025) as summarised in the report
below and set out in detail in Appendix A to the report;
 

2)   
approved and noted the proposed reprofiling of
budgets to future years in the capital programme as set out in
Appendix B;
 

3)   
noted and approved the following budget adjustments
to the capital programme which include;
 
a)   
A reduction of £127,251 in the schools
devolved capital budget due to a number of schools that have
transferred to Academy Status and the grant received is now paid to
the Academy Trustees. The revised budget will match the ringfenced
grant funding received from the DfE.
 
b) An
additional capital budget of £39,000 in 2025/26 for drainage
works at King George V Playing fields. The additional contribution
is funded from a £38k ringfenced grant from the Environment
Agency and a £1k contribution from Wokingham Town
Council.